Business
Final Results
Final Results.
About this update from Gamma Communications Plc
[{"type":"text","content":"\n\n25 March 2025\n Gamma Communications plc\nResults for the year ended 31 December 2024\n \nSustained strong financial performance, enhanced by acquisitions. Growth in line with expectations, delivering healthy cash generation. Announcing a share buyback of up to £50m in H1 2025.\n \nGamma Communications plc (\"Gamma\" or \"the Group\"), a leading provider of technology-based communication services across Europe, is pleased to announce its results for the year ended 31 December 2024.\n \n\n\n\n\n\n\n\nYear ended 31 December\n\n\n \n\n\n\n\n\n\n\n2024\n\n\n2023\n\n\nChange (%)\n\n\n\n\nRevenue\n\n\n£579.4m\n\n\n£521.7m\n\n\n+11%\n\n\n\n\nGross profit\n\n\n£300.3m\n\n\n£267.2m\n\n\n+12%\n\n\n\n\nGross margin\n\n\n52%\n\n\n51%\n\n\n\n\n\n\n\nAdjusted EBITDA*\n\n\n£125.5m\n\n\n£114.3m\n\n\n+10%\n\n\n\n\nProfit before tax (\"PBT\")\n\n\n£95.6m\n\n\n£71.5m\n\n\n+34%\n\n\n\n\nAdjusted PBT*\n\n\n£111.9m\n\n\n£97.9m\n\n\n+14%\n\n\n\n\nEarnings Per Share (\"EPS\") (fully diluted)\n\n\n72.0p\n\n\n54.9p\n\n\n+31%\n\n\n\n\nAdjusted EPS (fully diluted)*\n\n\n85.1p\n\n\n75.1p\n\n\n+13%\n\n\n\n\nTotal dividend per share\n\n\n19.5p\n\n\n17.1p\n\n\n+14%\n\n\n\n\nCash generated by operations\n\n\n£116.8m\n\n\n£123.5m\n\n\n-5%\n\n\n\n\nAdjusted cash conversion*\n\n\n96%\n\n\n108%\n\n\n\n\n\n\n\nNet cash*\n\n\n£153.7m\n\n\n£134.8m\n\n\n+14%\n\n\n\n\n*The Group uses certain measures in addition to those reported under IFRS, under which the Group reports. These measures are known as Alternative Performance Measures (\"APMs\"). The Group does not consider these APMs to be a substitute for, or superior to, the equivalent statutory measure. These APMs are explained, defined and reconciled in the APM section, which follows the notes to the condensed financial statements, and are applied consistently.\n \nKey highlights \n \n\n\n\n\n·\n\n\nStrong financial performance and cash position. Gross profit and Adjusted EBITDA growth in all business units, driven by solid organic growth and supported by acquisitions.\n\n\n\n\n·\n\n\nThree acquisitions completed during 2024, each enhancing future organic growth: Coolwave in February; BrightCloud in July: and Placetel in September.\n\n\n\n\n·\n\n\nThe Group acquired STARFACE in February 2025, a strategically significant acquisition positioning Gam...